Queensland Family Law Practice

What happens if one of the parties cannot pay the tax resulting from an asset transfer in divorce?

What happens if one of the parties cannot pay the tax resulting from an asset transfer in divorce?

If one of the parties cannot pay the tax resulting from an asset transfer in divorce, it may be necessary to explore alternative options such as payment plans or negotiations with the Australian Taxation Office. It is advisable to seek advice from a tax professional or accountant in such cases.

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